What is a fixed deposit (FD)?
A fixed deposit is an investment where you deposit a lump sum of money with a financial institution for a set period. In return, you earn a guaranteed interest rate that remains fixed throughout the investment tenure. At the end of the tenure, you receive your principal amount along with the accumulated interest.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-108607902»>
Introducing the Bajaj Finance Digital FD
Bajaj Finance has recently introduced a new type of FD called the ‘Digital FD’ for a 42-month period. This FD boasts some unique advantages:
- Fully online: The entire process, from opening the FD to managing it, can be done digitally through the Bajaj Finserv website or app.
- Competitive interest rates: The Digital FD offers one of the highest interest rates of up to 8.85% p.a.
Why choose Bajaj Finance Fixed Deposit?
- Safety and security: Bajaj Finance FDs hold top-tier AAA ratings from agencies like CRISIL and ICRA. This means your investment is safe and secure.
- Attractive returns: Earn substantial returns with Bajaj Finance's competitive interest rates. Bajaj Finance offers up to 8.85% per annum for senior citizens and up to 8.60% for customers below the age of 60. This is often more than what you can get from regular savings accounts or similar fixed investments.
- Flexibility: Bajaj Finance provides Fixed Deposits with flexible tenure ranging from 12 to 60 months. Whether you are aiming for short-term gains or planning for long-term financial goals, Bajaj Finance offers various tenure choices that can suit different financial plans.
Read more on economictimes.indiatimes.com